Jun 9, 2008

I2r invests in packaging kit after securing grant


I2r Packaging Solutions, the food packaging firm, has invested in new tooling for its Telford-based plant after securing £800,000 of funding through Business Link.

The company, which produces smooth-wall aluminium foil containers for customers including Sainsbury's, Asda, Tesco and Marks & Spencer, declined to give further details of the tooling.

Chief executive Peter Reay said: "The funding from Business Link has enabled us to install new state of the art production lines at our premises and in response to this, 11 new jobs have been created."

I2r, which stands for innovation to ready, was launched in July 2007 by three former Nicholl Food Packaging directors - Reay, Jon West and Richard Chaplin.

The Business Link Access to Finance programme, which is available to all small and medium sized businesses employing less than 250 people, offers support from impartial advice to holding seminars and workshops.
Source: packagingnews

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